The IHS Markit Vietnam Manufacturing PMI edged lower to 50.8 in December 2019 from 51.0 in November, due to a slight reduction in output. Meanwhile, new orders grew the most since August, despite the first decline in exports in just over four years, while both employment and input buying were up for the second straight month. In terms of inflation, input costs increased the most in seven months boosted by higher market prices for raw materials, and selling prices rose for the second time in the past three months. Looking ahead, business confidence was unchanged, with firms expecting output to expand over the coming year.
Manufacturing PMI in Vietnam averaged 51.65 from 2012 until 2019, reaching an all time high of 56.50 in November of 2018 and a record low of 43.60 in July of 2012. This page provides the latest reported value for - Vietnam Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Markit Economics
Manufacturing PMI in Vietnam is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Vietnam to stand at 51.00 in 12 months time. In the long-term, the Vietnam Manufacturing PMI is projected to trend around 50.90 points in 2020, according to our econometric models.